Cheap Apartments for Rent in Monroe County, IL from $900 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monroe County.

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503-505 Park St
1 to 2 Bedroom Apartments

503-505 Park St

503-505 Park StWaterloo, IL 62298
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Valmeyer Senior Apartments
1 to 2 Bedroom Apartments

Valmeyer Senior Apartments

112 E Woodland RdgValmeyer, IL 62295
Senior Living
  • Utilities Included
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309-311 Front St
1 Bedroom Apartments

309-311 Front St

309-311 Front StWaterloo, IL 62298
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108 Hawthorne Pl
2 Bedroom Apartments

108 Hawthorne Pl

108 Hawthorne PlColumbia, IL 62236

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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109 Hawthorne Pl
2 Bedroom Apartments

109 Hawthorne Pl

109 Hawthorne PlColumbia, IL 62236
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106 Hawthorne Pl
2 Bedroom Apartments

106 Hawthorne Pl

106 Hawthorne PlColumbia, IL 62236
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105 Hawthorne Pl
2 Bedroom Apartments

105 Hawthorne Pl

105 Hawthorne PlColumbia, IL 62236
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Bella Vista Senior
1 to 2 Bedroom Apartments

Bella Vista Senior

103 Debra LnWaterloo, IL 62298
Senior Living

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Best Value Apartments for Rent in Monroe County, IL

As of January 15, 2026 the best value apartment in the Monroe County area is the $1.25 price per square foot 114 Clearwater Ct Model at 114 Clearwater Ct, Unit 114 Clearwater Ct in the in the Metro East neighborhood starting from $1,500. The second greatest value Monroe County apartment is the 2633 Columbia Lakes Dr Model at 2633 Columbia Lakes Dr, Unit 2B starting at $1,595 with a $1.44 price per square foot in the Metro East neighborhood. Here is today’s list of the best values for Monroe County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
114 Clearwater Ct, Unit 114 Clearwater Ct114 Clearwater Ct2BR,1BA$1.25
2633 Columbia Lakes Dr, Unit 2B2633 Columbia Lakes Dr2BR,2BA$1.44

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!